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Lancashire Insurance announces new CEO & CUO

November 07, 2019

Lancashire Holdings Limited has announced the appointments of Hayley Johnston who will become the CEO of Lancashire Insurance Company Limited (LICL) and James Flude who will assume the role of chief underwriting officer (CUO) at Lancashire Insurance Company, effective spring 2020.

Johnston will succeed Elaine Whelan who announced her retirement plans earlier this year and Flude will take over from Johnston’s previous role as CUO.

LICL is the principal Bermuda regulated (re)insurance carrier for the Lancashire Group.

Johnston brings many years’ experience in both the London and international (re)insurance markets and joined the business in 2007 as a marine and aviation underwriter and outwards reinsurance manager. Since then she progressed through the company and was appointed LUK chief underwriting officer in 2014.

Flude joined Lancashire in 2014 as head of marine and energy underwriting and assumed the role of LUK deputy chief underwriting officer in 2017.

Alex Maloney, Lancashire Group CEO, said: “I am delighted to see Hayley and James succeed to these senior roles within our Group. Both are longstanding colleagues and valued members of our management team, and each one will bring fresh perspectives and strategic vision to their new roles. I would also like to thank Elaine, as our Bermuda CEO, for her dedication and contribution to our success over many years. As we announced earlier in the year, Elaine will also step down from her Group Chief Financial Officer role in early 2020 and we expect to be able to report on our succession plans for that role before the end of this year.”